AustralianSuper to invest A$500 million in NIIF
This story was originally published at 13:32 IST on 9 July 2026
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NEW DELHI – AustralianSuper will invest A$500 million (over INR 33 billion) into the National Investment and Infrastructure Fund, taking its overall holdings in India, across all asset classes, to AU$3.3 billion, the fund manager said in a press release Thursday. The new investment follows an original NIIF commitment of AU$240 million in 2019, which has been one of the Fund's best performing infrastructure assets for AustralianSuper members, it said.
AustralianSuper is one of Australia's largest super funds and manages more than $410 billion of retirement savings on behalf of more than 3.6 million members from more than 485,000 businesses, as on Dec. 31.
"AustralianSuper's investment in the NIIF has been one of our most successful partnerships and that's why we're excited to invest again to help drive returns for members,' AustralianSuper Chief Investment Officer Shaun Manuell said in the release.
Prime Minister Narendra Modi hailed the investment committment from AustralianSuper and said in a post on social media platform X, "this is yet another glimpse of the global confidence in India's growth and reform trajectory." It also reflects the immense opportunities that our dynamic economy offers global investors, he added. End
US$1 = INR 95.43
Reported by Pratiksha
Edited by Akul Nishant Akhoury
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